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Trading DAX with TMA Slope

  • #161
  • Sep 15, 2016 4:22am Sep 15, 2016 4:22am
Tightened SL and recorded when M5 TMA went negative (red dotted line)
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  • #162
  • Sep 15, 2016 4:26am Sep 15, 2016 4:26am
Quoting derekw
Tightened SL and recorded when M5 TMA went negative (red dotted line) {image}



However, my earlier SELL positions are now at break-even.
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  • #163
  • Sep 15, 2016 4:30am Sep 15, 2016 4:30am
Quoting hammadshahir
{quote} However, my earlier SELL positions are now at break-even. {image}
So Long as you don't lose (it really feels crap)!
  • #164
  • Sep 15, 2016 4:45am Sep 15, 2016 4:45am
I TP on one order and set a TP and tight SL. The SL just tripped. I did this because by so doing I have reached my profit target for today.
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  • #165
  • Sep 15, 2016 4:55am Sep 15, 2016 4:55am
My target for today was $93 and I made $115.56, so just a bit over.
My account is now at $998 so my target of 10% for tomorrow is $100 and my lot size per trade is now 9 for the first winner and then 10 thereafter.

I should also now stop trading for the day to avoid over trading. The mistake I made yesterday by reaching target and then losing some of it again.

So I'll just scan the market and only trade if there is a real winner setup. There is a lot of USD Data in half an hour which could present great opportunity...
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  • #166
  • Sep 15, 2016 9:54am Sep 15, 2016 9:54am
Quoting derekw
My target for today was $93 and I made $115.56, so just a bit over. My account is now at $998 so my target of 10% for tomorrow is $100 and my lot size per trade is now 9 for the first winner and then 10 thereafter. I should also now stop trading for the day to avoid over trading. The mistake I made yesterday by reaching target and then losing some of it again. So I'll just scan the market and only trade if there is a real winner setup. There is a lot of USD Data in half an hour which could present great opportunity... {image}
Hi Dear Derekw , how are you?
1st thanks for sharing nice system. Today I install ur all Indicator & Template , But my chart don't shown as like ur one , so can u please tell me can I miss any thing ?
2nd Can you please tell me how long u have use this system, & Is this system has consistence about profit ?

So sorry for this So many question . Please don't mind .
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Any broker, same result
  • #167
  • Sep 15, 2016 11:49am Sep 15, 2016 11:49am
Quoting mjavedh
{quote} Hi Dear Derekw , how are you? 1st thanks for sharing nice system. Today I install ur all Indicator & Template , But my chart don't shown as like ur one , so can u please tell me can I miss any thing ? 2nd Can you please tell me how long u have use this system, & Is this system has consistence about profit ? So sorry for this So many question . Please don't mind . {image}
Hi. Thanks for reading.
Check that you have MT4-Level-StopReverse indi downloaded too.
  • #168
  • Sep 15, 2016 12:26pm Sep 15, 2016 12:26pm
Quoting derekw
{quote} Hi. Thanks for reading. Check that you have MT4-Level-StopReverse indi downloaded too.
yes I got it , now its ok.

2nd Can you please tell me how long u have use this system, & Is this system has consistence about profit ?
Any broker, same result
  • #169
  • Sep 15, 2016 10:57pm Sep 15, 2016 10:57pm
Quoting mjavedh
{quote} yes I got it , now its ok. 2nd Can you please tell me how long u have use this system, & Is this system has consistence about profit ?
I have been trading for many years and this is where I have got to. But this thread is testing the TMA slope and if it can be useful, so you will see that my trades are not based on that soley. I post my daily profit and targets, so follow that and let's see...
  • #170
  • Sep 15, 2016 10:58pm Sep 15, 2016 10:58pm
Last night I went short, expecting a gap down....
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  • #171
  • Sep 15, 2016 11:01pm Sep 15, 2016 11:01pm
Took Profit
  • #172
  • Sep 15, 2016 11:02pm Sep 15, 2016 11:02pm
Watching M5 Chart and M1....
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  • #173
  • Sep 15, 2016 11:10pm Sep 15, 2016 11:10pm
H4 View, the yellow dotted S/R lines are my own hand drawn. I think we eventually break to downside... But, hey this is trading.
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  • #174
  • Sep 15, 2016 11:11pm Sep 15, 2016 11:11pm
Quoting derekw
Watching M5 Chart and M1.... {image}
Derek,
Let me doublke-check this:
Somewhere earlier you said (if I remember right) that you do not watch the histogram so much )due to repainting), rather, it is the figures shown next to it - do I remember right?
Thanks.
  • #175
  • Sep 15, 2016 11:16pm Sep 15, 2016 11:16pm
Went Short M1
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  • #176
  • Sep 15, 2016 11:31pm Sep 15, 2016 11:31pm
Went long
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  • #177
  • Sep 15, 2016 11:46pm Sep 15, 2016 11:46pm
Our System says to go long. my short was not in line with the system. I thought a Support was breaking. So now I'm hedged - let's see what happens. We are in the middle of a trading range, so either long or short are likely to be collected later on. News this afternoon, so should be a tight range this morning. Using M1.
  • #178
  • Sep 16, 2016 12:01am Sep 16, 2016 12:01am
SL triggered for the Long Trade at a loss.
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  • #179
  • Sep 16, 2016 12:02am Sep 16, 2016 12:02am
I opened another Short
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  • #180
  • Sep 16, 2016 12:07am Sep 16, 2016 12:07am
Used M1 Chart to set SL's
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